class10-642-08

class10-642-08 - Econ 642, Wednesday April 30, class 10...

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Econ 642, Wednesday April 30, class 10 Econ 642, Wednesday April 30, class 10 Robert de Jong 1 1 Department of Economics Ohio State University Robert de Jong Econ 642, Wednesday April 30, class 10
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Econ 642, Wednesday April 30, class 10 Chapter 17 Outline 1 Econ 642, Wednesday April 30, class 10 Chapter 17 Robert de Jong Econ 642, Wednesday April 30, class 10
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Econ 642, Wednesday April 30, class 10 Chapter 17 Table 17.1: Probit estimates for binary choice model Married women’s labor force participation Notable: we can only interpret sign of coefficient Cf. linear regression: “the estimate for the wage gap is small but significant" Notable also: linear regression hard to interpret in the case of a 0-1 y i , but similar results Robert de Jong Econ 642, Wednesday April 30, class 10
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Chapter 17 Examples binary response: 1 Individual i owns car, or not 2 Individual i decides to go to college, or not 3 Country i is a democracy, or not 4 Individual has extramarital affair, or not
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This note was uploaded on 07/17/2008 for the course ECON 642 taught by Professor De jong during the Spring '08 term at Ohio State.

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class10-642-08 - Econ 642, Wednesday April 30, class 10...

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